Celonis turned out an absolute Leader, the furthest on the Completeness of Vision axis and the highest on the Ability to Execute axis. It should also be noted that Celonis’ closest competitor, Software AG, was also named a Leader in similar assessments by Everest Group and ISG for Process Mining companies last year.
According to a 2021 Gartner study, “Forecast Analysis: Process Mining, Worldwide”, global process mining software revenue grew 46% in 2021 and is projected to grow to $2.3 billion by 2025 at a compound annual growth rate (CAGR) of 33% from 2020 through 2025. The key drivers continue to be accelerated digital transformation efforts, growing process visibility requirements and increasing demands for business operations’ resilience.
Process mining tools deliver visibility and insights to technology innovation leaders that enable smart decision-making and strong performance on an organization’s critical priorities.
This Magic Quadrant for Process Mining Tools is the first version of this Magic Quadrant. It replaces the Market Guide for Process Mining. Process mining tools are designed to discover, monitor and improve processes by extracting knowledge from events captured in information systems to continuously deliver visibility and insights. Process mining includes automated process discovery (i.e., extracting process models from an event log), conformance checking (i.e., monitoring deviations by comparing model and log), social network/organizational mining, automated construction of simulation models, model extension, model repair, case prediction, and history-based recommendations.
Click here to learn more about evaluation criteria and Strengths & Cautions of each vendor mentioned in the report.